Equity awards vest for BILL (NYSE: BILL) COO Rettig, shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BILL Holdings, Inc. COO John R. Rettig reported multiple equity award vesting transactions dated February 28, 2026. He acquired common stock through the conversion of restricted stock units (RSUs) and performance stock units (PSUs), including 20,105 shares of common stock from derivative exercises and 5,710 shares from PSUs. To cover tax obligations tied to these vestings, 9,870 common shares were disposed of at $44.19 per share through share withholding rather than an open-market sale. Following these transactions, Rettig held 142,526 shares of common stock directly, with an additional 69,974 common shares held indirectly by the Rettig Living Trust, where he and his spouse serve as co‑trustees. The RSU and PSU awards vest over multi‑year schedules, primarily in equal quarterly installments, contingent on his continued service with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
25,815 shares exercised/converted
Mixed
9 txns
Insider
Rettig John R.
Role
COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 4,287 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 2,612 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 7,123 | $0.00 | -- |
| Exercise | Performance Stock Units | 5,710 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 6,083 | $0.00 | -- |
| Exercise | Common Stock | 20,105 | $0.00 | -- |
| Exercise | Common Stock | 5,710 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,870 | $44.19 | $436K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 8,574 shares (Direct);
Performance Stock Units — 34,254 shares (Direct);
Common Stock — 146,686 shares (Direct);
Common Stock — 69,974 shares (Indirect, See footnote)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. Each Performance Stock Unit ("PSU") represents a conditional right to receive one share of the Issuer's Common Stock. Represents shares withheld to satisfy the tax withholding obligation in connection with the vesting of RSUs and PSUs. The shares are held by the Rettig Living Trust U/A DTD 12/02/2020, of which the Reporting Person and his spouse are co-trustees. The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2022, subject to the continuing service of the Reporting Person on each vesting date. The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2023, subject to the continuing service of the Reporting Person on each vesting date. The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2024, subject to the continuing service of the Reporting Person on each vesting date. The PSUs vest over three years; 1/3rd vests on August 28, 2025, and thereafter the remaining 2/3rd will vest quarterly over two years, subject to the continuing service of the Reporting Person on each vesting date. The RSUs vest in 12 equal quarterly installments over three years, beginning November 28, 2025, subject to the continuing service of the Reporting Person on each vesting date.
FAQ
What insider activity did BILL COO John R. Rettig report on this Form 4 for BILL?
John R. Rettig reported equity award vesting activity, converting RSUs and PSUs into BILL common stock. The filing also shows shares withheld to pay related tax obligations, rather than discretionary open-market purchases or sales of BILL Holdings, Inc. stock.
What are John R. Rettig’s direct BILL common stock holdings after these transactions?
After the reported equity award vesting and tax withholding transactions, John R. Rettig directly holds 142,526 shares of BILL common stock. This figure reflects his direct ownership position following the derivative exercises and the shares withheld for related tax obligations.
How do Rettig’s RSUs in BILL vest according to this Form 4 disclosure?
Several RSU grants vest in equal quarterly installments over multi‑year periods starting November 28, 2022, 2023, 2024 and 2025. Each vesting is subject to Rettig’s continuing service with BILL Holdings, Inc. on the applicable vesting dates, as described in the footnotes.
What vesting schedule applies to John Rettig’s performance stock units (PSUs) in BILL?
The PSUs vest over three years: one‑third vests on August 28, 2025, and the remaining two‑thirds vest quarterly over the following two years. Each vesting tranche is conditioned on Rettig’s continued service with BILL Holdings, Inc. at each vesting date.
Did this BILL Form 4 show open-market buying or selling by COO John Rettig?
The transactions reflect derivative exercises of RSUs and PSUs and a tax‑withholding share disposition, not open‑market trading. Shares were withheld to cover tax obligations tied to vesting rather than being freely bought or sold on the public market.